Benefits of a multi-entity company

Multi-entity companies provide greater control for managing user access and experience based on your business needs. With a multi-entity framework, you can add entities to your company without any implementation steps, which gives you greater flexibility for your growing business.

A multi-entity company enables you to benefit from features such as the following (additional fees may apply): 

• Easily add entities to your company.
• Control user access to entities.
• Manage inter-entity transactions by mapping separate designated payable and receivable GL accounts for each entity in your company.
• Use Domestic Consolidations to consolidate across entities. Use Global Consolidations to consolidate across entities and base currencies.
• Automatically eliminate inter-entity receivable and payable balances in the single reporting currency of a consolidation book. Automatically net out elimination entries in the elimination entity of a consolidation book, avoiding overstating the consolidated financial statements.
• Work with multiple base currencies.
• Auto-balance IET General Ledger journal entries across entities with multiple base currencies. Use automated exchange rates, ensuring up-to-date currency conversions, and, in turn, accurate reconciliations for multi-entity, multi-currency companies.

Learn more about the Multi-Entity Management page.